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Trinidad: Serious policy concerns over PM’s proposed housing bonds

FORMER Housing Minister Dr Roodal Moonilal said the Prime Minister’s proposed housing bond is a recipe for disaster.

The opposition MP said, asking primarily young aspiring home owners to invest in such a bond as a savings scheme for purchasing a house in the future spells disaster unless such a policy is embedded in law.

“This proposal, like the declaration by Dr Rowley three months ago, to spend $9 billion in housing, is another pie in the sky madcap plan that will not get off the ground.

This requires very serious policy considerations, strategic planning and legislative change.”

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